Feb 1, 2021
One of the first topics we covered in this podcast was about understanding how profitable your online business should be.
It’s been almost 3 years ago we released that episode, so we wanted to check back in and share our updated outlook on what a profitable online business looks like.
In this episode, we discuss:
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What profit is and how much of it your online business can have
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Why only focusing on revenue won’t guarantee you a profitable online business
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How our clients’ profit margins have changed over the past 3 years
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What information you need from your financial reports to help you understand your own profits
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How your business model and marketing strategy can greatly affect your profitability potential
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How proper bookkeeping can make your business far more profitable